Market Introduction
The North America aircraft video surveillance market is displaying an upward trend for the past couple of years and it is anticipated to reflect a similar trend during the forecast period. The growth of the aircraft video surveillance market is majorly attributed to significant investments in the aerospace industry. Over the past few decades, the aviation industry has grown immensely. The growth rate of technological transformation has been outstanding, which stimulated the demand for various products and services. There is an increased adoption of aircraft video surveillance solutions in commercial aircraft owing to rise in demand for in-flight safety and security systems. Increasing number of complaints against airlines and improving regulatory standards of safety have highlighted the importance of aircraft video surveillance solutions. To improve the security level, airline companies are installing cockpit door surveillance systems to restrict unauthorized access to the cockpit area. Cabin surveillance systems are also gaining considerable growth in the market, as aircraft operators are demanding video surveillance solutions to monitor suspicious activities outside the cockpit area. Further, advancements in aircraft environmental camera systems, to offer detailed information about traffic, weather, and terrain, are supporting the market growth.
The presence of a large number of well-established players and emerging companies in the North America aircraft video surveillance market is supporting the uprising demand from airline companies. Constant development and continuous upgrade of aircraft video surveillance systems and demand for retrofit video surveillance solutions for the existing fleet are playing a vital role in driving the aircraft video surveillance market.
The North America aircraft video surveillance market is analyzed based on countries in North America. The aerospace industry in North America is matured and is growing at a significant rate due to the presence of a large number of aircraft manufacturers, advanced video surveillance solution providers, and a skilled workforce. There is a tremendous demand for video surveillance systems in the region as aircraft manufacturing companies are well aware of newer technologies. For instance, Airbus is offering advanced security and surveillance system in its A320, A330, A350, and A380 series aircraft models. The video surveillance solutions facilitate the aircraft crew to secure the flight deck and also to maintain high safety standards on-board.
On the other hand, the North America is anticipated to be the fastest-growing region during the forecast period. Increasing number of aircraft fleet in commercial sectors are expected to drive the market in the region. Countries
The COVID-19 pandemic has severely affected the growth of the North America aircraft video surveillance market, specifically in the wide body aircraft segment. The commercial sector experienced a major setback as domestic as well as international flights were put on hold for a certain period. The airline companies postponed or cancelled the new fleet expansion plans owing to a major economic impact. Hence, the demand for new aircraft is reduced, which directly affected the procurement of aircraft video surveillance solutions.
Market Overview and Dynamics
The Aircraft Video Surveillance market in North America is expected to grow from US$ 114.66 Mn in 2019 to US$ 147.99 Mn by 2027; it is estimated to grow at a CAGR of 4.4% from 2020 to 2027. The Increasing Demand for Enhanced Security in Aircraft in developed countries has led to increase in the adoption Aircraft Video Surveillance. Countries with high GDP—the US among others—are vigorously carrying out large-scale industrialization and infrastructure developments
Moreover, Accentuating Volumes of Aircraft Order and Delivery are further expected to bolster the market growth.
Key Market Segments
The market for Aircraft Video Surveillance market is segmented into system type, fit type, aircraft type and country. Based on system type, the market is segmented into Cockpit Door Surveillance Systems, Cabin surveillance systems, environmental cameras system. In 2019, the Cockpit Door Surveillance Systems held the largest share North America Aircraft Video Surveillance market. Based on fit type the Aircraft Video Surveillance market is divided into Retrofit, Line-fit. Similarly, based on aircraft type, the market is bifurcated into wide body aircraft, narrow-body aircraft. The narrow-body aircraft segment contributed a substantial share in 2019
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America Aircraft Video Surveillance Market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AD Aerospace Ltd., Aerial View Systems Ltd., Kappa-Optronics GmbH, Global Eagle Entertainment Inc. Meggit Plc, Collins Aerospace, Parker Hannifin Corp., BAE Systems Plc, KID-Sys among others.
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North America Aircraft Video Surveillance Market SEGMENTATION
North America Aircraft Video Surveillance Market – By System Type
North America Aircraft Video Surveillance Market – By Fit Type
North America Aircraft Video Surveillance Market – By Aircraft Range
North America Aircraft Video Surveillance Market – By Country
Company Profile